The therapeutic area had recorded a decline of as much as 21% in May as elective surgeries were postponed in the lockdown and patients avoided treatment at healthcare facilities amid fear of contracting Covid-19
1 min read6 Oct 2020The move comes amid increasing competition in India with rivals Walmart-owned Flipkart, billionaire Mukesh Ambani's upstart online grocery service JioMart and a range of other smaller players
1 min read14 Aug 2020The worst hit among the top 20 companies was Cipla, whose sales fall by 28%, while that of Zydus Cadila, GSK Pharma and Dr Reddy’s down by 25%, eachThere seemes to be less panic buying of medicines for chronic illnesses in the last two weeks of April
2 min read4 May 2020The development comes just three days after the Delhi high court stayed the sale of drugs and prescribed medicines by online pharmacies
1 min read17 Dec 2018While it does appear as if the worst is behind the pharmaceutical sector, the recovery is not going to be rapid and companies have a long road ahead of them
1 min read7 Jun 2018An inquiry has been initiated by CDSCO against Wockhardt, Ambic Aayurchem, Mascot Health Series and Medley Pharmaceuticals
2 min read20 Mar 2018The outlook for the US generics' business of Indian pharmaceutical companies continues to look uncertain as pressure on prices continues
1 min read2 Mar 2018Cipla will use its research budget (expensed in the profit and loss account) for its generic products and use acquisitions to take forward its ambitions in the specialty product space
2 min read8 Feb 2018While one-off factors may have laid low Lupin's profits in the third quarter, investors are likely to put expectations on hold and wait and watch how it does in the next few quarters
2 min read7 Feb 2018While the business environment is still evolving, the December quarter results for now show that recovery is still a work in progress for Dr Reddy's Laboratories
2 min read26 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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